Leavell Investment Management Inc. Has $420,000 Position in American Electric Power Company, Inc. $AEP

Leavell Investment Management Inc. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 4,045 shares of the company’s stock after buying an additional 241 shares during the quarter. Leavell Investment Management Inc.’s holdings in American Electric Power were worth $420,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Venture Visionary Partners LLC lifted its position in shares of American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock valued at $7,080,000 after acquiring an additional 4,616 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of American Electric Power during the 2nd quarter valued at $7,722,000. TrueMark Investments LLC lifted its position in shares of American Electric Power by 8.6% during the 2nd quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock valued at $5,289,000 after acquiring an additional 4,028 shares during the period. Vigilare Wealth Management acquired a new position in shares of American Electric Power during the 2nd quarter valued at $556,000. Finally, Hilltop National Bank acquired a new position in shares of American Electric Power during the 2nd quarter valued at $306,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $116.39 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $120.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a market cap of $62.24 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 3.06 and a beta of 0.48. The company has a fifty day moving average price of $112.43 and a 200-day moving average price of $108.11.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.95 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s payout ratio is presently 54.39%.

Analyst Ratings Changes

AEP has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of American Electric Power from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Mizuho decreased their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Cowen began coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating for the company. BMO Capital Markets boosted their price target on shares of American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, LADENBURG THALM/SH SH decreased their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.79.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,006 shares of company stock worth $1,243,522 over the last three months. 0.07% of the stock is owned by insiders.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.